The United States and China are set to hold high-stakes trade talks in Stockholm next week, with both sides aiming to extend a crucial tariff truce before steep new duties take effect in August. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, focusing on avoiding a sharp escalation in tariffs on Chinese imports. While Bessent signals optimism about extending the deadline, he emphasizes that the US is prioritizing the quality of trade agreements over speed. President Trump is leveraging the threat of higher tariffs to pressure multiple countries into new deals, but the outcome of the US-China talks remains pivotal for global markets. The talks come amid a flurry of other trade negotiations, but the US-China relationship is seen as the most consequential for the international economy.
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